Stillwater, Minnesota, renowned for its historic charm and scenic St. Croix River views, continues to attract homebuyers and investors alike. Understanding the current real estate landscape is essential for those considering entering this dynamic market.
Current Market Trends
As of April 2026, the median home value in Stillwater stands at approximately $450,923, reflecting a 3.7% increase over the past year. Homes typically go pending in around 25 days, indicating a competitive market. The median listing price is $449,950, with active listings totaling 116, marking a 15% increase year-over-year. Notably, the median sold price has risen by 20.27% to $528,000, suggesting strong demand and potential for sellers.
Rental Market Insights
For those exploring rental options, the average rent in Stillwater is $2,291 per month, slightly above the national average of $1,930. This stability offers predictability for renters, with a month-over-month change of 0.9% as of April 2026.
New Developments and Neighborhoods
Stillwater’s real estate market is bolstered by new developments and revitalized neighborhoods. Areas like Liberty on the Lake and South Hill are particularly appealing, offering a blend of modern amenities and historic charm. The city’s commitment to preserving its heritage while embracing growth makes it a unique place to call home.
In summary, Stillwater’s real estate market presents opportunities for both buyers and renters. Staying informed about market trends and neighborhood developments is crucial for making well-informed decisions in this vibrant community.